Midcap, Smallcap indices recoup most losses; Sensex down 550 pts

The BSE Sensex had recovered partly from the day’s low and was down 523 points at 59,700. The NSE Nifty had declined 151 points at 17,774.

The broader indices had recovered almost all the losses and were outperforming the benchmark indices. The BSE Midcap was down 0.2 per cent at 25,290 as against the day’s low of 25,079. Similarly, the Smallcap index was almost flat at 29,893 as against the day’s low of 29,594.

The overall breadth also was positive – out of 3,448 stocks traded so far on the BSE, 1,862 declined and 1,482 had advanced.

In the broader markets, Swan Energy had zoomed nearly 16 per cent. Alok Textiles, Poonawalla Fincorp, Black Box, Kriloskar Brothers, IFB Industries, Dwarikesh Sugar, HLE Glasscoat, Filatex India, Jain Irrigation, JP Power, Future Consumer, Ion Exchange, Vardhman Holdings, Garment Mantra, ARSS Infra, Zee Learn, GP Petroleums, Nahar Capital, GRP, Banswara Syntex and Rossell India were the other major gainers.

Whereas, Home First Finance, Tube Investments, Zensar Technologies, Varun Beverages, India Tourism Development, Deep Polymers, Shree Rama Multi Tech, GTL, Nagreeka Capital, Banaras Beads, PolicyBazaar, Bannari Amman Spinning Mills, Vipul, SmartLink Holdings, Malu Paper Mills, TGB Banquets and NDTV were the other significant losers.